#SOL

Conclusion: Slight fluctuation and upward movement
Resistance levels: 125.3, 126.5, 129.1, 133.8
Support levels: 121.2, 117.6, 113.5
(Main) Long-term buy strategy: Consider establishing long positions around 121 and adding more near 117.6. If it breaks below 113, stop-loss can be set. First take profit: 125
Second take profit: 126
Short-term sell strategy: Consider opening and adding positions around 129. Stop-loss at 133 and above at 134.5.
First take profit: 125.8
Second take profit: 123.5
Compared to Bitcoin, SOL shows a relatively stronger overall trend. After failing to break the 135 resistance during the upward surge, it declined back to the low of 121, rebounded from the bottom, and reached today’s midday high of 123. The strategy mentioned by the host yesterday reached the target, resulting in a double kill for bulls and bears.
Technical analysis
On the 4-hour Bollinger Bands, the three lines are moving downward, corresponding to prices: 131, 125, 120. The market is oscillating and declining, with the current price continuously piercing above the upper band, and the pullback not breaking below the MA5 moving average, indicating a potential shift from a bearish to a bullish trend.
The MA moving averages currently show the short-term MA5 at approximately 982, with MA5 and MA10 crossing.
The MACD indicator is forming a death cross below the zero line, with both lines below zero, indicating increasing bearish momentum.
The 1-hour chart shows the two lines are about to cross, with bearish momentum gradually decreasing.
The RSI indicator on the 4-hour chart shows both lines in the normal trading zone, while on the 1-hour chart, the lines are in the oversold zone, forming a death cross and declining.